Chapter: Business Science - Enterpreneurship Development - Launching of Small Business

Incubation - Launching of Small Business

"Business incubation is a unique and highly flexible combination ofbusiness development processes, infrastructure and people designed to nurture new and small businesses by helping them to survive and grow through the difficult and vulnerable early stages of development."

Incubation

"Business incubation is a unique and highly flexible combination
ofbusiness developmentprocesses, infrastructure and people designed to nurture new and
small businesses by helping them to survive and grow through the difficult and
vulnerable early stages of development."

Business incubation provide SMEs and start-ups with the
nurturing environment needed to develop and grow their businesses, offering
everything from virtual support, rent-a-desk through to state of the art
laboratories and everything in between. They provide direct access to hands on
intensive business support, access to finance and experts and to other
entrepreneurs and suppliers to really make businesses and entrepreneurs to
grow.

Business incubation provides a nurturing, instructive and
supportive environment for entrepreneurs during the critical stages of starting
up a new business. The goal of incubators is to increase the chance that a
start-up will succeed, and shorten the time and reduce the cost of establishing
and growing its business. If successful, business incubators can help to
nurture the companies that will form the true creators of a region‟s or
nation‟s future wealth and employment.

Incubators serve as a launching pad for young and small
businesses. Start-ups, which are innately dynamic entities, need access to
support, and incubators are a means of providing this.

Centre for
Innovation, Incubation and
Entrepreneurship was setup
at the Indian Institute of Management Ahmedabad
(IIMA) with support from Gujarat Government and Department of Science and
Technology (Government of India) to promote innovation and entrepreneurship in
India. Experience and expertise at IIMA in the areas of management, innovation,
technology networks along with entrepreneurship provide the necessary impetus
and intellectual basis for this initiative.

We
comprise of faculty, alumni and students of IIMA, mentors and service providers
from the industry who span a variety of functional areas, sectoral domains and
geographies and are passionately committed to helping disruptive innovations
and aspiring entrepreneurs succeed commercially.

We know
that it takes more than just early stage risk-capital to get a company off the
ground - we enable most of what may be required by entrepreneurs through
seed-funding, incubation, mentoring, training, knowledge dissemination and best
practice research.